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Contract Hire means taking a vehicle on leave on a rental basis for a longer period. It is prevalent in business circles where the necessity of vehicle is seasonal depending upon the commodity on which business is done. The vehicle may range from small tipper vans to heavy trucks. It is like contract car hire where car is given for hire for a particular journey for a period of time called personal car leasing. In the same way business people may need a transport vehicle to move their goods to various destinations. The system is more common in UK where there is a tendency to use contract hire for their business or service called business car leasing. The users are most small and medium level enterprises who are not afford to have a separate vehicle on account of cost. In the business point of view also paying rent for a leased vehicle is cheaper than owning a vehicle and maintaining it. There intermediaries like brokers who help their clients with cost effective leasing options. They charge a nominal amount as commission for their services. The lease may be with or without maintenance. Most leasing companies prefer all maintenance expenses to be taken care by the lessee excluding major expenses on engine etc.